Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pin Cushion Company produces two models of sewing basket. Information about Pin Cushion's products is given below Sales revenue Less: Variable costs Contribution margin Total

image text in transcribedimage text in transcribed

Pin Cushion Company produces two models of sewing basket. Information about Pin Cushion's products is given below Sales revenue Less: Variable costs Contribution margin Total units sold Product A 17,400 1,080 Product B $58,000 25,800 2.120 Pin Cushion's fixed costs total $39,700 Required 1. Determine Pin Cushion's weighted-average unit contribution margin and weighted average contribution margin ratio. (Round your CM per unit and weighted average CM ratio to two decimal places (ie, .1234 should be entered as 12.34%.). Answer is complete and correct. Weighted-Average Unit 18.06 CM Weighted-Average CM Ratio 57.22 % 2. Calculate Pin Cushion's break-even units and break-even sales revenue. (Round your units to the nearest whole number and sales revenue to two decimal places.) Answer is complete and correct 2,198 Units Break-Even Sales Units Break Even Sales Revenue $ 69,368.88 3. Calculate the number of units of each product that must be sold to break even. (Round your final answers to nearest whole number.) Answer is complete and correct No. of Units 742Units 456Units Product A Product B

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Level Audit And Assurance Exam Room Notes 2017

Authors: ACA Simplified

1st Edition

1545501653, 978-1545501658

More Books

Students also viewed these Accounting questions

Question

Explain the various methods of job evaluation

Answered: 1 week ago

Question

Differentiate Personnel Management and Human Resource Management

Answered: 1 week ago

Question

Describe the functions of Human resource management

Answered: 1 week ago

Question

Does it avoid using personal pronouns (such as I and me)?

Answered: 1 week ago

Question

Does it clearly identify what you have done and accomplished?

Answered: 1 week ago